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20120901
20120930
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KRCB (PBS) 17
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Search Results 0 to 16 of about 17 (some duplicates have been removed)
of the commerce and industry have visited capital this week. the group is headed by the chairman. they have meetings with vietnam's minister of industry and trade and the representative of the chairman of commerce. the goal is to expand their business in the country. following the recent japan protest he's growing anxious about china. employees with their own business were to remain inside their hotel. >> translator: i cannot easily dispel my risks about operating in china. it made me think we should start considering moving our business somewhere else. >> reporter: vietnam has been trying to end foreign problems. the timing couldn't be better for vietnam. >> translator: the people have positive feelings about japan. they are facing problems but we don't have to worry. in that sense there's no mental stress. >> reporter: east asian countries look impressive. >>> spanish leaders are poised to make stringent cuts in their latest budget plans. they too are tighten their belts. ramin, you showed us those pictures from greece. now this. >> reporter: the focus is going to be on spain. many are qu
consumers. if it has an affect on the united states commerce, commerce of the united states, and if this affect is adverse, then following the statute that congress wrote for us, we're supposed to challenge the deal. >> tom: we have european regulators stop u.s. companies from merging a decade ago, ge and honeywell were stopped because of the eu, this year the nyse had to break apart their planned merger. is there a competition among international regulators. >> i think among international regulators or anti-trust enforcement agencies there is much more comedy than competition. so much commerce is global now and the lawsithin the european union and the united states have converged considerably over its last few decades. that for the most part, we usually come to the same conclusions on the same mergers. now there might be some differences when the market shares are different. and the economic effects are different in different geographic markets like the eu and the united states. >> one investigation that has been admitted to gooseel continues to be under review by your agen
powell was a key figure here. he wrote this memorandum as a private lawyer for the chamber of commerce in 1971 saying, "we need a counter-attack against the environmentalists and the labor unions and so on." and developed a whole strategy fokind of a corporate takeover of the judiciary and politic. >> by the way, you said something very important. justicece lewis powell, then a lawyer in virginia, wrote this for the chamber of commerce, later became appointed by richard nixon to the supreme court. >> just several months later. >> many people look at the "powell memo" as the charter -- >> the foundational, the foundational document. >> and the first big case in this direction was the "first national bank of boston versus bellotti" case, which he wrote the decision on. and what it said was corporations -- the identity of the speaker is irrelevant, which becomes the key -- >> what does that mean? >> what it means is you can't tell corporations that they can't put their money into politics just because they're a corporation. which has, i guess, a surface plausibility to it. but then would
of commerce often does, you will at least know where it's coming from because it'll say the "chamber of commerce," or it'll say a, "improve america," a project of the chamber of commerce. >>> the u.s. chamber is responsible for the content of this advertising. >>> the u.s. chamber is responsible for the content of this advertising. >>> the u.s. chamber of commerce is responsible for the content of this advertising. >>> so you know when they spend it directly, at least what part of the economy it's coming from. however, they may well give that money to another organization which isn't even got their name on it. so if they end up giving it to a (c) (4) which then spends the money and that group is called better america, you don't know where better america's money came from. so it is, these groups do not themselves disclose their donors. and again, you know, most of their work is lobbying, it's oriented towards issues. you may well be right, that they have really strong policy positions. but what they wou say is, "the money we spend directly on political ads is not a major part of what
a silver lining today in some so-so economic news. the commerce department says sales of new homes slipped slightly in august compared to july. but, year over year new home sales were up nearly 28%. the northeast saw the most robust action, but sales dropped in the south. in the midwest builders say consumers are scrambling to build before mortgage rates and land prices increase. diane eastabrook has more. >> reporter: oakley home builders didn't have a buyer when construction started last spring on this three story spec house in tony hinsdale, illinois. >> this is the great room, this is the family room. >> reporter: but builder steve subkowiak says a buyer snatched up the $1.5 million home long before workers painted the walls and began installing fixtures. the new owners move in next month. >> i think a lot of people are looking at interest rates and land costs and saying hey if i wanto buy a new house thiss a great time. >> reporter: with historically low mortgage rates, business is beginning to boom for many home builders. the government says in august americans purchased new
, but now it's taken a step toward capturing some e- commerce. it launched a new service for users to buy and send real gifts called facebook gifts. the presents are from certain vendors, purchased through facebook. shares rallied 6.6%. volume was heavier than usual. while display advertising remains facebook's main source of revenue and the company has been focused on its mobile strategy, analysts say this new e-commerce feature could help diversify facebook's revenue sources. drugstore giant walgreen saw its latest quarterly profits fall from a year ago, hurt by it losing the prescription business of express scripts. same store prescriptn sales got hit, falling almost 13%. it has since resigned express scripts as a pharmacy benefits customer. shares only moved a fraction, but volume was heavy and the stock hit a new 52 week high during the trading session. four of the five most active traded exchange traded products were lower. the s&p 500 volatility note, which usually moves in the opposite director of the index was up 3.1%. and that's tonight's market focus. >> tom: the good times for
, congress had had free rein to regulate in the economic sphere for decades. >> rose: under the commerce clause. >> under the commerce clause but again a very concerted effort by conservatives using very much to their credit the power of ideas, started making the argument that this was too much under the commerce clause, but it was really a novel argument, and this court has not invalidated an economic regulation since the 30s. and roberts almost went over to the other side. in part, i think he was -- the other conservatives, scalia, thomas, kennedy and alito,they or pled their hand because they said we are not going to strike down the individual mandate, we are going to throw the whole law out. >> rose: and the debate going into this, whether they would declare it an individual mandate unconstitutional and say the rest of the legislation was constitutional, whether they would declare it all constitutional or all unconstitutional. >> that's right. and that -- the conservatives basically challenged roberts all or nothing, and roberts said, i can't do this, so he came up with this argument
a still sluggish recovery. the commerce department revised its estimate of second-quarter economic growth down yesterday from 1.7%. mitt romney seized on the change in springfield, virginia. >> we are at 1.3%. this is... this is unacceptable. >> woodruff: other economic indicators also paint a mixed picture. the stock market itself, while down today, has been climbing in recent weeks to its highest levels in nearly five years. today, the dow jones industrial average lost almost 49 points after a weak manufacturing report and worries over europe to close just over 13,437. and the housing market may be stabilizing. a key index showed home prices rose in july to the highest level in almost two years, pointing to a recovery there. consumer spending was also up last month, but it was largely to pay for higher gasoline prices. for a closer look at all this with two people who follow these matters closely, we turn to kenneth rogoff, a professor of economics and public policy at harvard university, and co- author of "this time, it's different: eight centuries of financial folly"; and muhamed el-e
in the the country before the protests. a spokesperson at china's commerce ministry said investments were down 1.4% from a year earlier. the decline was due to the global impact stemming from the european debt crisis. the european union invested about 4% less from january to august of the previous year. investments from the united states fell almost 3%. meanwhile, japan's direct investments into the first eight months of the the year rose over 16% from the year before. but that was before the anti-japan demonstrations this month, which saw rioters attacking japanese supermarkets and dpe stroiing factories. it's uncertain whether investments from japan will continue to rise. many japanese firms are reassessing the risks of doing business in the cntry following the protts. > now let's gt a check of the markets. u.s. and european markets ended higher after further monetary easing was announced. how are things kicking off this thursday morning? >> good morning. u.s. and european investors were cheered by the bond buying measures and positive housing data in the u.s. helped market sentiment there. le
works in real estate, chris who works in advertising and christian who works in e- commerce, following fashion is nothing new. >> i used to read g.q. growing up and that's something that i always wanted to aspire to. >> i follow lots of sites, lots of blogs. >> reporter: the internet has made men's fashion more accessible. fashables.com caters to men and women, it's a blog created by "normalish" people. >> what i try to do is highlight stuff for the average person. what are you going to wear to work. what are you actually going to wear on the weekend. >> reporter: so, where are "normalish" men shopping these days? >> i do like department stores. i like the different selection they have. i like to try new brands. i feel like i can discover new brands better than if i just go to select stores. >> for basic things, it's j.crew and brooks brothers. >> i think i go with mass market. h&m, uniqlo, zara. i'm a big fan of zara. >> reporter: across the board, the numbers show men are shopping. according to n.p.d. group's consumer tracking service, in 2011, sales of menswear climbed 4% to $55 bil
the unemployment will not rise further. also today, the commerce department reported retail sales jumped 0.9% in august. that's the largest increase since february. the gains come as consumers are spending more on cars and gasoline. the report showed that sales at different retailers were mixed and suggested on a modest increase in consumer spending this quarter. today's news comes just a day after the federal reserve stepped in once again to revive the economy, and ben bernanke's promise to help main street. how will main street americans do under q.e.3? joining us to answer that, robert brusca, chief economist at his own firm, fact and opinion economics. hi, bob. >> hi, susie. >> susan: all right, so, chairman bernanke says this latest round of stimulus is a-- to ote his words-- a main street policy. is it really? >> well, i think it has the focus on main street. i think the objective is to help main street. but it doesn't really work to help main street first. it's really going to work by trickle down. it's anything to work through wall street. it's going to work through high-income pe
of that disaffection into votes. next week he'll address the u.s. hispanic chamber of commerce at its annual convention in los angeles. diane eastabrook, "n.b.r.," chicago. >> susie: new estimates are in, >> susie: new estimates are in, and it looks like this year's holiday selling season will be the strongest for retailers since the great recession took hold. shoppertrek sees overall sales rising 3.3%, it bases those numbers on visits to more than 50,000 stores. >> tom: the major stock indices inches higher as investors and traders wait for the federal reserve's announcement tomorrow if it will do anything more to help the economy. the session for the s&p 500 illustrates the back and forth, with prices dipping mid-morning, and late afternoon, before closing with a small gain. it continues hovering around its post-recession high. volume grew slightly. 661 million shares on the big board. 1.7 billion on the nasdaq. not a lot of volatility among the major stock sectors. with the iphone five debt, the telecom services sector was the biggest gainer, up 0.7%. consumer staples was in the biggest loser, down
to regulate bpa. bpa is protected by its use in interstate commerce, making it difficult for the fda to restrict use. >> there is a lot of push-back from the chemical industry from the companies that are making these products that are convinced that they're safe at the levels that humans are exposed to, and they have their influence within government bodies, as much as do scientists or perhaps more have their influence. so a lot of different things need to be evaluated and weighed in making decisions and that's what has slowed processes down. >> while the fda has stalled action at the federal level, statand local governments as well as regulators in other nations have banned it. >> 11 states have passed legislation restricting the use of bpa. and in virtually all of those states, there are additional attempts being made to further restrict bpa in essentially all kinds of food contact uses. canada has declared bisphenyl a a toxic chemical. it's restricted for use in china, some countries in south america, around the world. >> in science, nothing is black and white, cut everything fall
in the infrastructure that undergirds our commerce and our country, the roads, the cleanwaer infrastructur and thlike. thehird one are the investments we make in research and development. >> right. >> the fourth one is a balanced and predictable rule of law and the fifth one is a rational immigration policy. i mean there are other ways to formulate that. but i think all of it points to the traditional disciplines that other generations had. right now i think too many of us want to be told we can eat cake and lose weight. we want all the benefits of being americans but we don't want to pay for them or pay attention. >> you sound like paul ryan when you say that. >> do i. >> rose: i means that's what the deficit is about. >> god help mement i don't want to sound like paul ryan. >> rose: you know what i mean. >> that we have a deficit and there are people saying we don't do something about a deficit that is fueled by the entitlement obligations that we have -- >> this is what a disagree with paul ryan. >> rose: tell me. >> they're not fueled the deficits are not fueled primarily by entitlements. >> rose
. and that is our disastrous trade policy. when i was in the house, the corporate entities, chamber of commerce, "free trade, nafta, cafta, permanent normal trade relations with china, will be the greatest thing since sliced bread." all right? the end result is that in the last ten years, we have seen 55,000 factories in america shut down, millions of decent-paying jobs lost. you go out to elderly people and they say, "i can't buy a pduct de in amera anymore. ere are the factories? where are the decent-paying jobs?" so i would like to see the president get up there and say, "you know what? we're going to rethink our trade policies. i want corporate america to start investing in america, not in china." other things that he could be doing, certainly, i think the much maligned stimulus bill, to my mind, was one of the most important pieces of legislation passed in my lifetime, in my state, money into bridges, into roads, into head start, into sustainable energy, created 6,000, 7,000 jobs when we needed it a whole lot. you need more of that. i just got off a plane a little while ago. believe me, ou
claims filed last week hit the lowest level in two months. but the commerce department revised its estimate of second quarter economic growth from 1.7% down to 1.3%. the economic numbers were fodder for republican presidential nominee mitt romney. at a campaign stop in springfield, virginia he said the slow growth was proof that president obama's economic policies have not worked. >> if you don't believe me why look at the price of gas and the jobs in your community and the members of your family that are struggling for good work. if you don't believe me look at the numbers that just came out in the growth of our economy. 1.3% versus russia at 4%, china at 7-8%, we are at 1.3% this is unacceptable. it is not working. i know what it takes to get things working. >> sreenivasan: 200 miles away in virginia beach, president obama acknowledged the economy is still struggling. but he also promised the crowd he'll push for an era of what he called economic patriotism. >> during campaign season you always hear a lot about patriotism. well you know wt? it's time for a new economic patriotism
Search Results 0 to 16 of about 17 (some duplicates have been removed)

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